Federal student loan official testifies on changes to Public Service Loan Forgiveness program
NPR WAMU — The head of the U.S. Department of Education’s federal student lending office, Richard Cordray, testified before a House panel Wednesday, about changes to the Public Service Loan Forgiveness program. A quick update now on new changes to the troubled public service loan forgiveness program and what borrowers should know. Richard Cordray heads the Office…
Read More about Federal student loan official testifies on changes to Public Service Loan Forgiveness programUCLA graduate students and faculty look at recent changes to Public Service Loan Forgiveness program
DAILY BRUIN — UCLA graduate students and professors said changes to the Public Service Loan Forgiveness Program are exciting but more improvements can still be made. The U.S. Department of Education announced Oct. 6 that all federal loan payments will be counted toward loan forgiveness under the PSLF Program until Oct. 31, 2022. The department will also make…
Read More about UCLA graduate students and faculty look at recent changes to Public Service Loan Forgiveness programSome colleges are replacing student loans with grants to lessen impact of debt crisis
YAHOO!NEWS — A growing number of colleges are taking the $1.7 trillion student debt crisisinto their own hands by making it impossible for students to take out loans in the first place. Colgate University, a private college in New York, recently announced it’s using its $1.3 billion endowment to make a four-year education significantly more affordable for…
Read More about Some colleges are replacing student loans with grants to lessen impact of debt crisisFederal student loan payments to resume early next year
NPR WAMU — Student borrowers, take note. In testimony before a House subcommittee, the head of the office of Federal Student Aid told lawmakers that his agency is preparing for federal student loan repayments to resume early next year. Richard Cordray, FSA’s chief operating officer, oversees the federal student loans of roughly 43 million borrowers. In a…
Read More about Federal student loan payments to resume early next yearPanel discussion explores student debt of HBCU graduates
DIVERSE ISSUES IN EDUCATION — While the Biden Administration has pushed over $9.5 billion in student loan relief since taking office earlier this year, it’s still not enough to yield a significant difference given that $1.7 trillion Americans are saddled with debt. The burden of student loans also falls more heavily on Black borrowers and students…
Read More about Panel discussion explores student debt of HBCU graduatesReport looks at the experience of Black student loan borrowers
THE CHRONICLE ON HIGHER EDUCATION — In 1990, a woman borrowed $24,000 in student loans. Thirty years later, she owes $125,000.The 62-year-old does not qualify for the federal Public Service Loan Forgiveness program, has worked at a nonprofit for the majority of her professional career, and has no idea when she will retire. Her story echoes that…
Read More about Report looks at the experience of Black student loan borrowersA look at the changes to improve access to Public Service Loan Forgiveness
THE NEW YORK TIMES — Hundreds of thousands of borrowers with so-called F.F.E.L. student loans, people who paid late and military members could now get credit for years of payments toward erasing their debts. Changes that the Education Department is making to the Public Service Loan Forgiveness Program should help hundreds of thousands qualify for relief much…
Read More about A look at the changes to improve access to Public Service Loan ForgivenessCalifornia Attorney General Rob Bonta advices graduates on accessing Public Service Loan Forgiveness
EIS PRESSWIRE — California Attorney General Rob Bonta issued a consumer alert today highlighting important information regarding recent changes to the Public Service Loan Forgiveness (PSLF) program. On Oct. 6, 2021, the U.S. Department of Education (ED) announced that over the coming months, it will be implementing critical improvements to the PSLF program that should provide more eligible public servants…
Read More about California Attorney General Rob Bonta advices graduates on accessing Public Service Loan ForgivenessUS Department of Education announces Public Service Loan Forgiveness program overhaul
U.S. DEPARTMENT OF EDUCATION — The Public Service Loan Forgiveness (PSLF) Program is an important—but largely unmet—promise to provide debt relief to support the teachers, nurses, firefighters, and others serving their communities through hard work that is essential to our country’s success. By cancelling loans after 10 years of public service, PSLF removes the burden of…
Read More about US Department of Education announces Public Service Loan Forgiveness program overhaulHow the Public Service Loan Forgiveness reform helps current borrowers
NPR — Zahra Nealy was in the shower, listening to the radio, when she heard NPR reportingon Friday that the U.S. Department of Education would use its authority to help borrowers and relax the rules of the troubled Public Service Loan Forgiveness (PSLF) program. “That’s me! You’re talking about me,” Nealy, who works for a Southern California…
Read More about How the Public Service Loan Forgiveness reform helps current borrowers